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Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
During the past 10 years, the highest Price to Graham Number ratio of Grounds Real Estate Development AG was 5.00. The lowest was 0.67. And the median was 1.36.
FRA:AMM's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.74 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Grounds Real Estate Development AG (FRA:AMM) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Grounds Real Estate Development AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2025 )
=
0.41
/
N/A
=
N/A
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Grounds Real Estate Development AG Graham Number Related Terms
Grounds Real Estate Development AG Graham Number Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Grounds Real Estate Development AG Graham Number Chart
FRA:AMM vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Grounds Real Estate Development AG's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Grounds Real Estate Development AG Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Grounds Real Estate Development AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Grounds Real Estate Development AG's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Grounds Real Estate Development AG (FRA:AMM) has a Graham Number of €N/A as of Jun. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Grounds Real Estate Development AG and its competitors. Over the past decade, Grounds Real Estate Development AG's Graham Number has ranged from 0.67 to 5.00. According to the industry distribution chart, Grounds Real Estate Development AG ranks #999999 out of 1170 companies in the Real Estate industry.
Is Grounds Real Estate Development AG's Graham Number too high?
Grounds Real Estate Development AG's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 5.00. Based on the distribution chart, Grounds Real Estate Development AG ranks #999999 out of 1170 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Grounds Real Estate Development AG has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grounds Real Estate Development AG's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grounds Real Estate Development AG ranks #999999 out of 1170 companies for Graham Number. This places Grounds Real Estate Development AG in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Grounds Real Estate Development AG's own Graham Number has ranged from 0.67 to 5.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,170 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Grounds Real Estate Development AG and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grounds Real Estate Development AG's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grounds Real Estate Development AG stock overvalued right now?
Based on GuruFocus' analysis, Grounds Real Estate Development AG (FRA:AMM) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.13, compared to a current price of €0.41 — trading 215.4% above its estimated fair value. The current Graham Number is €N/A. Grounds Real Estate Development AG's overall GF Score™ is 43/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Grounds Real Estate Development AG (FRA:AMM), the current Graham Number is €N/A as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Grounds Real Estate Development AG (FRA:AMM) Overvalued in 2026?
Based on GuruFocus' analysis, Grounds Real Estate Development AG stock appears to be overvalued.
The current stock price of €0.41 is trading 215.4% above its estimated GF Value™ of €0.13.
GuruFocus considers Grounds Real Estate Development AG to be Significantly Overvalued.
Key valuation signals for FRA:AMM:
Graham Number: €N/A
GF Value™: €0.13 vs. price of €0.41 (215.4% above fair value)
No single metric tells the full story. See the FRA:AMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grounds Real Estate Development AG Business Description
Grounds Real Estate Development AG carries out housing projects in German metropolitan regions. Its business activities cover three core areas, including the company's plan to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. the company also works to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, planning to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income, and rental income from existing properties.
43GF Score
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